Research On Audit Of Related Party Transactions In Listed Companies

With the intensification of market competition and the development of social economy,related party transactions are increasing and the amount is even more significant,which has aroused widespread concern in the society.Some enterprises make use of various specific motives to whitewash financial statements by unfair fair related party transactions,which seriously affects the market order.Many companies evade supervision in a new way such as non related party transactions,in order to escape tax,manipulate income and profit,and destroy the healthy development of the economy.At the same time,because of the difficulty in defining related party transactions and the complicated forms of related transactions,the audit of Certified Public Accountants is more difficult and risky.This requires us to deepen the audit of related party transactions and improve the audit quality of related party transactions.In view of the above phenomenon,this paper first analyzes the related party boundaries,related party transactions and fraud audits,analyzes the theoretical and literature review,and analyzes the status of related party transactions and their fraud,and then combing with the case of Yangmei Chemical,a listed company.The commonly used methods of affiliate fraud of listed companies usually include virtual related party transactions,information disclosure violations,non-operating fund occupation,cashing out of assets,and the use of equity transfer benefits.The internal and external factors of the company's related party fraudulent behaviors were analyzed.The company's internal causes include economic interests,huge debt repayment pressure,and the failure of the company's internal control;external reasons include high market access threshold and supervision.Not enough,CPA's related party transaction audit work is not in place.Finally,from the perspective of audit institutions,auditors,coal chemical companies,and regulatory agencies,they put forward suggestions for improving the audit quality of related party transactions in coal chemical companies.The innovation of this paper is to combine the characteristics of the coal chemical industry to investigate the existing problems and causes in the related party transactions of Yangmei Chemical,integrate the theory with practice,and present the relevant aspects of the related party transactions in the coal chemical industry from various angles.The proposal is of great significance for improving the audit quality of the related party transactions in the coal chemical industry.